130,000 oz of Gold / year - Q4 2009

Exploration & production. Properties in Nicaragua, Colombia, Panama & Russia

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Message: B2Gold First Quarter results

Summary

• Record gold revenue of $53.5 million
• Record gold sales of 38,754 ounces
• Gold production of 34,733 ounces
• Consolidated operating cash cost of $531 per ounce of gold
• Adjusted net earnings of $18.1 million ($0.05 per share)
• Record cash flow from operations of $26.1 million ($0.08 per share)
• Increase of cash and cash equivalents to $76.8 million at quarter end

See press release (b2gold.com) for more details:

http://cnrp.marketwire.com/cnrp_files/20110610-0610bto.pdf

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